WV SB419 | 2013 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on March 4 2013 - 25% progression, died in chamber
Action: 2013-03-28 - Recommitted to Finance on 2nd reading
Text: Latest bill text (Comm Sub) [HTML]

Summary

The purpose of this bill is to specify the time period for allocating and reporting gross salary to the retirement board, to add the term "nonteachers" to the definition of "present member", to add a definition for the terms "retire" and "retirement", to add a new section relating to correction of errors, to modify the definition of "teacher member", to require nonteachers to provide a written statement to the retirement board for years of service being claimed, to clarify that members granted prior service credit for qualified military service must be honorably discharged from active duty, to clarify provisions for purchasing out of state service credit for members who transferred from the TDC Plan, to require members to make written request to the retirement board to receive previously credited service from PERS, to require that all interest paid or transferred on previously credited PERS service be deposited in the reserve fund, to provide that an inactive member may elect to receive an annuity at age 60, to allow a sole primary beneficiary of a member is eligible for an annuity if the contributor was 50 years old with 25 years of service, to allow a refund beneficiary to receive the member's contributions and vested employer contributions plus any earnings transferred from the TDC Plan, to provide that an actively contributing member who is at least age 60 is eligible to receive an annuity, to provide that any member who has 30 years of in state service as a nonteaching member is eligible to receive an annuity, to require that anyone who becomes a new member on or after July 1, 2013 to have at least 5 years of contributory service, to allow a nonteaching member who is 50 and has 30 years of in state service to be eligible for an annuity, to clarify the computation of a member's annuity, to provide for the commencement date of disability annuity benefits, and to make technical corrections. This bill was recommended for introduction and passage during the 2013 Regular Session of the Legislature by the Consolidated Public Retirement Board.

Tracking Information

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Title

Relating to Teachers Retirement System

Sponsors


History

DateChamberAction
2013-03-28SenateRecommitted to Finance on 2nd reading
2013-03-27SenateLaid over on 2nd reading 3/27/13
2013-03-26SenateLaid over on 2nd reading 3/26/13
2013-03-26SenateOn 2nd reading
2013-03-25SenateRead 1st time
2013-03-25SenateOn 1st reading
2013-03-22SenateCommittee substitute reported
2013-03-11SenateTo Finance
2013-03-11SenateReported do pass, but first to Finance
2013-03-04SenateTo Pensions
2013-03-04SenateIntroduced in Senate
2013-03-04SenateTo Pensions then Finance
2013-03-04SenateFiled for introduction

Same As/Similar To

HB2800 (Same As) 2013-05-15 - Chapter 64, Acts, 2013

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
187A14Amended CodeCitation Text
187A14cNew CodeSee Bill Text
187A17Amended CodeCitation Text
187A23Amended CodeCitation Text
187A25Amended CodeCitation Text
187A26Amended CodeCitation Text
187A3Amended CodeCitation Text

West Virginia State Sources


Bill Comments

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